Latviski English По-русски
Monday 16.07.2018 | Name days: Hermīne, Estere

Latvia’s cosmetics market – 160 million euros

Latvia’s cosmetics market is worth approximately EUR 160 million. Similar to Europe, skin and hair care products are the most popular ones. The smallest market proportion is occupied by decorative cosmetics, according to data from Latvian Cosmetic Manufacturers Association (LCMA).

Third of beer consumed in Estonia in 2017 bought in Vidzeme, Estonian factory breweries evaluate

Saku and A. Le Coq, two largest beer makers in Estonia have not published their exact sales numbers for the last year, but have been quick in stating that about one third of all beer drunk in Estonia was purchased in Latvia.

Estonian ultracapacitor maker to relocate manufacturing entirely to Germany

Estonian ultracapacitor maker and exporter Skeleton Technologies has decided to relocate its production from Estonia to Germany with the aim if working at a location closer to its clients.

Estonia allocated 200 million euros to compensate population for second level pension contributions

To compensate to the part of Estonian population that during and after the financial crisis voluntarily continued their contributions to the second level pension fund or paid higher second level pension fund contributions from 2014 to 2017, the Estonian state has transferred additional 227 million euros to the fund during the three-year period.

Week in Lithuania. Parliament speaker urges academic ethics guard to resign amid anti-Semitism claims

Parliament Speaker Viktoras Pranckietis on Friday, February 9, urged Vigilijus Sadauskas , ombudsman for academic ethics and procedures, to step down amid allegations of anti-Semitism after he proposed a reward for a research thesis about Jewish crimes in the 1900s.

Income of electric car maker Tesla measured in billions

The income of the American electric car maker Tesla have in the last quarter of 2017 been above three billion U.S. dollars, while losses have also been large.

European Commission predicts Latvia the most rapid growth among Baltic States

The latest economic outlook by the European Commission estimates that Latvia’s GDP may grow 3.5% in 2018, which is the most rapid growth rate among Baltic States.

Consumer prices in Estonia up 0.4% in month

The consumer price index in Estonia has risen in the period from December 2017 to January 2018 by 0.4% and by 3.5% on year since the beginning of 2017, Estonian statisticians have estimated.

Factory workers in Germany gain chance to adjust working hours to looking after family

Factory employees in Germany's south-west have negotiated the right to work less hours to adjust their work to the needs of family members, moreover the agreement with employers could be extended to several million other workers in Germany.

Number of guests in Estonian hotels reached 3.5 million in 2017

Estonian accommodation businesses have in 2017 hosted 3.5 million guests with 2.15 million foreign tourists among them, which is a 7%-increase from 2016 Estonian statisticians have estimated.

Lithuanian and Estonian prime ministers have no plans to discuss Rubesa’s future

Before Latvian Prime Minister Māris Kučinskis’ proposal, Lithuanian and Estonian prime ministers had no prior plans to discuss the future of RB Rail chairperson Baiba Rubesa after the vote in which their country’s shareholders voted in favour of her dismissal, as BNS was told by representatives of both officials.

First strike in history of Rakvere meat factory to be held

Workers of the Rakvere Meat Processing Plant, which is even older than Estonia, are on February 6 to hold the first legal strike in its history to push for higher wages. The factory employs over 700 people, who commute to work from places even 50 kilometres away.

Latvia in December had more rapid producer price rise than the average in EU

Compared with the same month of 2016, Latvia’s industrial sector’s producer prices grew 2.7% in December 2017. It is a more rapid increase than the average in the European Union, according to data published by Eurostat.

Newest comments